Asia and Pacific
2018
October 11, 2018
Regional Economic Outlook: Asia Pacific
Description:
Asia has achieved remarkable economic success over the past five decades. Hundreds of millions of people have been lifted out of poverty, and successive waves of economies have made the transition to middle-income and even advanced-economy status. And whereas the region used to be almost entirely dependent on foreign know-how, several of its economies are now on the cutting edge of technological advance. Even more striking, all of this has happened within just a couple of generations, the product of a winning mix of integration with the global economy via trade and foreign direct investment (FDI), high savings rates, large investments in human and physical capital, and sound macroeconomic policies.
May 9, 2018
Regional Economic Outlook: Asia Pacific
Description: The world economy continues to perform well, with strong growth and trade, rising but still muted inflation, and accommodative financial conditions, notwithstanding some increased financial market volatility in early 2018. Driven partly by the procyclical tax stimulus in the United States, near-term economic prospects for both the world and Asia have improved from the alreadyfavorable outlook presented in the October 2017 Regional Economic Outlook Update: Asia and Pacific. Asia is expected to grow by around 5½ percent this year, accounting for nearly two-thirds of global growth, and the region remains the world’s most dynamic by a considerable margin. But despite the strong outlook, policymakers must remain vigilant. While risks around the forecast are broadly balanced for now, they are skewed firmly to the downside over the medium term. Key risks include further market corrections, a shift toward protectionist policies, and an increase in geopolitical tensions. With output gaps closing in much of the region, fiscal policies should focus on ensuring sustainability. Given still moderate wage and price pressures, monetary policies can remain accommodative in most Asian economies for now, but central banks should stand ready to adjust their stances as inflation picks up, and macroprudential policies should be used appropriately to contain credit growth. Many Asian economies face important medium-term challenges, including population aging and declining productivity growth, and will need structural reforms, complemented in some cases by fiscal support. Finally, the global economy is becoming increasingly digitalized, and some of the emerging technologies have the potential to be truly transformative, even as they pose new challenges. Asia is already a leader in many aspects of the digital revolution, but to remain at the cutting edge and reap the full benefits from technological advances, policy responses will be needed in many areas, including information and communication technology, trade, labor markets, and education.
2017
October 13, 2017
Regional Economic Outlook: Asia Pacific, October 2017: Making the Most of the Upswing
2016
May 3, 2016
Regional Economic Outlook: Asia and Pacific, April 2016: Building on Asia's Strengths During Turbulent Times
2015
October 9, 2015
Asia and Pacific Regional Economic Outlook Update, October 2015: Asia: Bolstering Resilience amid the Slowdown
May 6, 2015
Regional Economic Outlook: Asia and Pacific, April 2015: Stabilizing and Outperforming Other Regions
2014
October 10, 2014
Asia and Pacific Regional Economic Outlook Update, October 2014
April 28, 2014
Regional Economic Outlook: Asia and Pacific, April 2014 - Sustaining the Momentum: Vigilance and Reforms
Description: IMF Regional Economic Outlook: Asia and Pacific, April 2014 -- table of Contents
2013
October 11, 2013